+4.1 on previous index reading
The Bank of Ireland Economic Pulse came in at in 89.5 in May 2021. The index, which combines the results of the Consumer and Business Pulses, was 4.1 higher than last month and up 45.6 on a year ago.
With a further loosening of restrictions on social interactions, the resumption of inter-county travel, some sectors emerging from lockdown – the remainder of construction, personal services and non-essential retail (by appointment) returned during the May survey period – and others getting ready for lift-off, the consumer and business mood brightened this month. The increase in opportunities to spend lifted household buying sentiment, while firms saw their order books improve.